skip to content
Capital and wealth in the 21st century Preview this item
ClosePreview this item
Checking...

Capital and wealth in the 21st century

Author: David N Weil; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2015.
Series: Working paper series (National Bureau of Economic Research), no. 20919.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Named Person: Thomas Piketty
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David N Weil; National Bureau of Economic Research,
OCLC Number: 903385741
Notes: "January 2015"
Description: 1 online resource (18 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 20919.
Responsibility: David N. Weil.

Abstract:

In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital stock.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/903385741> # Capital and wealth in the 21st century
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
   library:oclcnum "903385741" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://experiment.worldcat.org/entity/work/data/2292468643#Topic/human_capital_measurement> ; # Human capital--Measurement
   schema:about <http://experiment.worldcat.org/entity/work/data/2292468643#Topic/capital_productivity_measurement> ; # Capital productivity--Measurement
   schema:about <http://experiment.worldcat.org/entity/work/data/2292468643#Topic/wealth_measurement> ; # Wealth--Measurement
   schema:author <http://experiment.worldcat.org/entity/work/data/2292468643#Person/weil_david_n> ; # David N. Weil
   schema:bookFormat schema:EBook ;
   schema:datePublished "2015" ;
   schema:description "In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital stock."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/2292468643> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/2292468643#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/2292468643#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "Capital and wealth in the 21st century"@en ;
   schema:productID "903385741" ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/2292468643#Organization/national_bureau_of_economic_research> ; # National Bureau of Economic Research,
   schema:url <http://www.nber.org/papers/w20919> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/903385741> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/2292468643#Organization/national_bureau_of_economic_research> # National Bureau of Economic Research,
    a schema:Organization ;
   schema:name "National Bureau of Economic Research," ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Person/weil_david_n> # David N. Weil
    a schema:Person ;
   schema:familyName "Weil" ;
   schema:givenName "David N." ;
   schema:name "David N. Weil" ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/903385741> ; # Capital and wealth in the 21st century
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/903385741> ; # Capital and wealth in the 21st century
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Topic/capital_productivity_measurement> # Capital productivity--Measurement
    a schema:Intangible ;
   schema:name "Capital productivity--Measurement"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Topic/human_capital_measurement> # Human capital--Measurement
    a schema:Intangible ;
   schema:name "Human capital--Measurement"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2292468643#Topic/wealth_measurement> # Wealth--Measurement
    a schema:Intangible ;
   schema:name "Wealth--Measurement"@en ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.